Author: Duygu Iltuzer

Bitcoin is a digital payment system, and a cryptocurrency, invented by an anonymous programmer, or a group of programmers, under the name Satoshi Nakamoto. It is a peer-to-peer transaction system which takes place without the help of third parties, where transactions are verified by independent nodes, known as miners, and recorded on a public global ledger known as Blockchain. In Blockchain, every participant maintains a copy of the shared ledger. The ledger is secure because each new block of transactions is linked back to previous blocks in a way that makes tampering practically impossible. Each transaction on the blockchain...